11.15 ETH Afternoon Analysis

Daily level analysis
· K-line pattern: The daily line continues to decline, with a price drop of 1.44% to 3174.61. The intraday fluctuation range is 3068-3255, and the daily line finds support near the previous low of 3068 but rebounds are weak.
· Bollinger Bands: The price continues to operate below the middle band (3320.40) and is approaching the lower band (3039.71), with the Bollinger Bands opening downwards.
· MACD: DIF (-85.89) and DEA (-70.18) are operating below the zero axis, and the MACD histogram (-31.42) has slightly narrowed its negative value, but the bearish pattern remains unchanged.
· Key level: The previous low support at 3068.00 remains crucial, and a drop below will test 3039.71 (Bollinger Bands lower band).
4-hour level analysis
· Trend structure: After the price hit a new low of 3068, it rebounded, testing a high of 3255, but failed to hold and fell back again, forming a low-level fluctuation pattern.
· Moving Average System: The moving averages of all periods are in a bearish arrangement, with the short-term moving average forming resistance around 3250.
· MACD: The DIF and DEA are showing divergence at a low level, and the MACD histogram's negative value is narrowing, indicating that the downward momentum is easing.
· Volume-Price Relationship: Net outflow of $-237 million, with funds continuously flowing out, suppressing the rebound space.
Comprehensive judgment
ETH has gained short-term support near the low of 3068 and has entered a period of consolidation, but the overall downtrend has not changed. The technical indicators show that bearish momentum has slowed, but the strength of the bullish counterattack is limited, and the market is in a weak equilibrium state.
Operation Suggestions
· Short in batches as it rebounds to the 3230-3250 range, with a target of 3150-3100.
· After breaking below 3068, rebound to short, target 3000-2950
· Stabilizing in the range of 3100-3080 allows for light position long testing, with a target of 3180-3220#美国结束政府停摆